Word: yieldingness
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The fed bellied up to the bar last week and ordered a double. Greenspan & Co.'s decision to drop short-term interest rates by half a percentage point surprised Wall Street--which had expected a quarter-point cut--and brought rates to their lowest level in 41 years. That might...
--If the economy rebounds, many types of bonds will become riskier, if only because when rates inevitably head back up, the value of today's low-yielding bonds will fall. (It's that old formula: rates up, bonds down.) The parallels between today and 1993-94 may be instructive. Back...
Yielding to Students
Despite yielding 492 yards to the Dartmotuh offense, Harvard did not allow a first down until 1:45 remained in the third quarter.
For example, one of the jobs criminal investigators routinely perform is testing for gunpowder on suspects' hands. In the past, this was a surprisingly low-tech chore, involving melting a glob of paraffin in a pot and painting it onto the fingers and hands. The wax was then peeled off...